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SKorea to grow faster among advanced nations in 2014: IMF

South Korea"s economy is expected to grow at a faster clip than most other advanced nations in 2014, a report showed today, suggesting that the Asian country will stage a swift recovery from the worst downturn in more than a decade. According to the report by the International Monetary Fund (IMF), South Korea"s gross domestic product (GDP) will grow 4.5 per cent in 2014, the third-fastest among 33 major advanced countries reviewed by the Washington-based lending organization. That is higher than the average 2.4 per cent growth projected for the whole country group.

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